Question
Maxcorps bonds sell for $1,110.81. The bond life is 7 years, and the yield to maturity is 6.1%. What is the coupon rate on the
Maxcorps bonds sell for $1,110.81. The bond life is 7 years, and the yield to maturity is 6.1%. What is the coupon rate on the bonds? (Assume a face value of $1,000 and annual coupon payments.)
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The Handbook Of Equity Derivatives
Authors: Jack Clark Francis, William W. Toy, J. Gregg Whittaker
1st Edition
0471326038, 978-0471326038
